Understanding Segwit2x: Why Bitcoin's Next Fork Might Not Mean Free Money

Understanding Segwit2x: Why Bitcoin’s Next Fork Might Not Mean Free Money

Bitcoin is gearing up for what could be the biggest (and least understood) change to its software to date. Often called simply a "digital currency," bitcoin is best viewed as a protocol (a set of code) that delivers data (in this case bitcoins) in defined quantities (called blocks) that are then stored in a sequence (called a blockchain ). Bitcoin is decentralized – in that many people help make the network function, and in choosing to run its software, users all agree to abide by the same rules to keep it operational. It’s these qualities that make the proposed […]